Grace C Mae Advocate Center Inc

Analysis

Grace C Mae Advocate Center Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace C Mae Advocate Center Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $977k to $1.5m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace C Mae Advocate Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Precinct2gether Inc ($1.5m), Dignity Matters Inc ($1.5m) and Consumer Debt Counselors Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $83k (5.6% of expenses). At year end it held assets of $147k against liabilities of $242k, net assets of -$95k. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.